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Updated about 1 year ago on . Most recent reply

Duplex purchase going south
Hello BP community, I'm in the process of buying a fuiiy remodeled multi family. Before I put a offer in I looked to see if there were any open permits, there were none. I put a offer in and earnest this got accepted. The title company did a search and found out the sellers haven't passed a electrical and mechanical inspections and owed money to the county for delays. The title company couldn't clear to close. We gave the seller a 30 day extension to get the property to pass inspection. Its getting close to the deadline and I dont know if they can meet this date. My lender will charge me if they 2500 at closing if this deadline isn't meet. I tried to get closing credits from the seller but they didn't want to do it. This property is a great deal and I dont want to let it go that easy. I would pay the 2500 but I dont trust the seller to get the place to pass. Can use some suggestions on this deal please.
Most Popular Reply

What is the 2500 for that the lender would be charging?
- Jay Hurst
